Company Valuation: Danone

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 35,530 30,830 37,646 41,915 49,156 39,204 - -
Change - -13.23% 22.11% 11.34% 17.28% -20.25% - -
Enterprise Value (EV) 1 46,030 40,937 47,867 50,516 57,587 46,978 46,045 45,277
Change - -11.06% 16.93% 5.53% 14% -18.42% -1.99% -1.67%
P/E ratio 18.6x 33.3x 45.1x 20.8x 27.2x 16.2x 15x 14x
PBR 2.02x 1.76x 2.33x 2.59x 2.93x 2.17x 2.05x 1.91x
PEG - -0.7x -3.7x 0x -2.75x 0.5x 1.83x 1.87x
Capitalization / Revenue 1.46x 1.11x 1.36x 1.53x 1.8x 1.4x 1.35x 1.29x
EV / Revenue 1.9x 1.48x 1.73x 1.85x 2.11x 1.67x 1.58x 1.49x
EV / EBITDA 10x 7.81x 9.4x 10.7x 11.5x 9.46x 8.81x 8.21x
EV / EBIT 13.8x 12.1x 13.8x 14.2x 15.7x 12.3x 11.3x 10.6x
EV / FCF 18.9x 19.6x 18.2x 16.8x 20.6x 17.1x 16.6x 15.1x
FCF Yield 5.28% 5.11% 5.5% 5.94% 4.86% 5.85% 6.04% 6.63%
Dividend per Share 2 1.94 2 2.1 2.15 2.25 2.339 2.492 2.653
Rate of return 3.55% 4.06% 3.58% 3.3% 2.93% 3.82% 4.07% 4.33%
EPS 2 2.94 1.48 1.3 3.13 2.82 3.77 4.079 4.385
Distribution rate 66% 135% 162% 68.7% 79.8% 62% 61.1% 60.5%
Net sales 1 24,281 27,661 27,619 27,376 27,283 28,050 29,122 30,304
EBITDA 1 4,602 5,240 5,092 4,726 5,020 4,965 5,227 5,515
EBIT 1 3,337 3,377 3,481 3,558 3,665 3,824 4,061 4,289
Net income 1 1,924 959 881 2,021 1,825 2,389 2,572 2,774
Net Debt 1 10,500 10,107 10,221 8,601 8,431 7,774 6,840 6,073
Reference price 2 54.59 49.23 58.68 65.12 76.78 61.24 61.24 61.24
Nbr of stocks (in thousands) 650,849 626,246 641,543 643,653 640,218 640,173 - -
Announcement Date 23/02/22 22/02/23 22/02/24 26/02/25 20/02/26 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.24x1.67x9.46x3.82% 45.56B
19.43x2.83x13.92x4.02% 255B
21.41x2.45x14.38x3.42% 77.58B
17.68x0.54x10.47x2.58% 38.75B
23.37x3.43x13.97x3.08% 37.93B
39.33x3.4x18.98x0.9% 31.77B
83.58x12.15x54.27x0.98% 28.75B
10.91x1.82x8.98x7% 27.18B
14.07x0.4x9.2x2.33% 23.76B
34.41x0.7x17.61x0.73% 21.97B
Average 28.04x 2.94x 17.12x 2.89% 58.85B
Weighted average by Cap. 23.74x 2.84x 15.37x 3.4%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield